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Beviss and Beckingsale
Mark Ollier

Covid 19 – The effect on Landlords and Tenants – a brief overview

Posted by Mark Ollier on April 17th 2020 in SERVICES FOR BUSINESSES .

The Government has now brought the Coronavirus Act 2020 into force. This Act implements a number of temporary changes to the way the private rented sector operates.

The package of reforms to help renters announced are -

  • extending notice periods for repossession for the duration of the emergency.
  • suspending all ongoing possession cases for 90 days from March 27th 2020.
  • widening the pre-action protocol for social landlords to include private rented sector landlords. This has not yet come into force.
  • ensuring that buy-to-let lenders will offer a mortgage holiday of up to three months for private landlords whose tenants have been impacted by the coronavirus.

This is on the understanding that landlords will be expected to offer a similar rent holiday to their tenants. Further official information can be located at https://tinyurl.com/qtyqxcw 

Contact Mark Ollier at mark.ollier@bevissandbeckingsale.co.uk for further information